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Foreclosure Archives

What are some ways to stop the foreclosure process?

There are actually several ways to stop the foreclosure process. They include a short sale, bankruptcy, foreclosure workout and lease-option. Each of these is important, because they provide you with different ways to get out of a foreclosure regardless of your circumstances.

You can delay a foreclosure with one of a few options

If your home is going to be foreclosed on, the foreclosure begins with a Notice of Default. This lets you know that you have missed four payments. From the issuance of that notice, you'll have between six months and a year before the entire foreclosure is completed in most cases.

What's a common foreclosure scam?

You have been having problems paying your mortgage on time, but most of the time, you've been able to catch up before 30 days have passed. You decide to sell your home, because the hassle of making payments in the amount you owe is just too much to handle. It seems like a good idea to get out of the mortgage while you're still in a position to make money on the sale.

Program helps save over 12,000 homes from foreclosure

If you live in South Carolina and worry about your home being foreclosed on, you may be happy to hear that there is a foreclosure-prevention program taking place that helps 12,000 people save their homes. The program, called the South Carolina Homeownership and Employment Lending Program, was started in 2011 as a way to help people who were going to lose their homes.

Foreclosure: Other options may be able to help

Foreclosure can seem like a great idea to some who are struggling with debt, but it's not the only option open to you. In fact, there are many different things you may be able to do to stay in your home or to get out of debt without taking on a foreclosure and the impact it has on your credit.

A short sale helps you avoid foreclosure

Short sales are just one way to get out of a mortgage that costs more than it's worth. When you sell a home for less than the current owner owes, it's known as a short sale. This short sale is short of the cash needed to make the transaction, but that doesn't mean it can't be completed. In a short sale, the mortgage company agrees to take less than the home is worth because it saves them time finding a buyer and can bring them more money than a foreclosure.

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Visit Weeks & Irvine at One of Our Six Locations

North Charleston office 8086-B Rivers Avenue
North Charleston, SC 29406
Phone: 843-553-9800
Toll Free: 800-553-7449
Fax: 843-553-9804
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Mt. Pleasant office
1100 Queensborough Blvd, Suite 102
Mt. Pleasant, SC 29464
Phone: 843-856-9800
Toll Free: 800-553-7449
Fax: 843-216-0930
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Mt. Pleasant North office
3040 Highway 17-A North, Suite B
Mt. Pleasant, SC 29466
Phone: 843-388-3250
Toll Free: 800-553-7449
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West Ashley office
873 Orleans Road, Suite 102 1/2
Charleston, SC 29407
Phone: 843-571-2996
Toll Free: 800-553-7449
Fax: 843-571-2998
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Summerville office
106 West 7th North St
Summerville, SC 29483
Phone: 843-875-7111
Toll Free: 800-553-7449
Fax: 843-875-7721
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Goose Creek office
567 Crowfield Blvd.
Goose Creek, SC 29445
Phone: 843-553-9100
Toll Free: 800-553-7449
Fax 843-553-9183
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